GA Capital Corp. Extends Termination Date of Letter of Intent Regarding Proposed Qualifying Transaction With Kimpar Resources In

Further to its news release dated December 24, 2008 GA Capital Corp. (TSX
VENTURE:GAC.P) ("GAC") is pleased to announce that it has agreed with Kimpar
Resources Inc. ("Kimpar") to extend to April 30, 2009 the termination date set
forth in the letter of intent dated December 18, 2008 (the "LOI") which expires
today. As previously disclosed GAC and Kimpar entered into the LOI setting out
the terms of the previously announced proposed transaction with Kimpar, pursuant
to which GAC intends to complete a business combination with Kimpar (the
"Transaction"). If completed, the Transaction is expected to constitute a
qualifying transaction for GAC, as defined in Policy 2.4 of the TSX Venture
Exchange (the "Exchange" or "TSX Venture") Corporate Finance Manual.


GAC and Kimpar have also executed a further notice of extension in respect of
the $200,000 secured loan GAC had previously provided to Kimpar (the "Loan"),
thereby further extending the maturity date to April 30, 2009. The Loan bears
interest at a rate of 8% per annum payable on maturity. Previously, GAC also
provided Kimpar with a $25,000 non-refundable deposit on or about July 24, 2008.


For a description of the Transaction, please refer to the press release dated
December 24, 2008, a copy of which is available on SEDAR, under GAC's profile at
www.sedar.com.


The parties' obligations to complete the Transaction are subject to the
satisfaction of customary conditions precedent, including but not limited to,
the parties being satisfied with the results of their due diligence reviews,
board approval of Kimpar and GAC, completion of the Private Placement, the
entering into of the Formal Agreement, and Exchange approval of the Transaction
and related matters.


In this news release, all information relating to Kimpar has been provided by
Kimpar and all information relating to GAC has been provided by GAC.


This news release may contain forward-looking information with respect to the
Transaction and matters concerning the business, operations, strategy, and
financial performance of GAC and Kimpar. Such information can generally be
identified by use of forward looking wording such as "may", "will", "expect",
"estimate", "anticipate", "intend", "believe", and "continue" or the negative
thereof and similar variations. The completion of the Transaction and the future
business, operations and performance of GAC discussed herein could differ
materially from those expressed or implied by such statements. Such
forward-looking information is qualified in its entirety by the inherent risks
and uncertainties surrounding future expectations, including that the
Transaction contemplated herein is completed. Forward-looking information is
based on a number of assumptions which may prove to be incorrect, including, but
not limited to the ability of GAC and Kimpar to complete the Transaction and
related transactions described therein or to satisfy the requirements of the
Exchange with respect to the Transaction. The cautionary statements qualify all
forward-looking information attributable to GAC and Kimpar and persons acting on
their behalves. Unless otherwise stated, all forward looking information speaks
only as of the date of this news release and GAC and Kimpar have no obligations
to update such information except as required by law.


Completion of the Transaction is subject to a number of conditions, including
but not limited to, Exchange acceptance and if applicable pursuant to Exchange
Requirements, majority of the minority shareholder approval. Where applicable,
the Transaction cannot close until the required shareholder approval is
obtained. There can be no assurance that the Transaction will be completed as
proposed or at all.


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the Transaction,
any information released or received with respect to the Transaction may not be
accurate or complete and should not be relied upon. Trading in the securities of
a capital pool company should be considered highly speculative.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


The securities of GAC being offered have not been, nor will be, registered under
the United States Securities Act of 1933, as amended, and may not be offered or
sold within the United States or to, or for the account or benefit of, U.S.
persons absent U.S. registration or an applicable exemption from U.S.
registration requirements. This release does not constitute an offer for sale of
securities in the United States.

Greenfield Acquisition (TSXV:GAC.P)
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